Tuesday, May 25, 2010

West Ham is for Sale, Parker Isn't

West Ham co-chairmen David Sullivan and David Gold have both increased their shareholdings in West Ham United from 25 per cent to 30 per cent, taking the proportion of the club they now jointly own to 60 per cent.

The due together bought 10 per cent from CB Holdings, for £8m, with £4m going to the club and £4m going to CB Holdings. CB Holdings still own 40 per cent of the club, although the chairmen have a three-year option to buy these shares.

West Ham say that the "£4m that goes to West Ham will bridge the gap in the club's finances."

Meanwhile Karren Brady has reiterated that Scott Parker is not for sale,

"David Sullivan has given his word that Scott Parker will not be sold and I think that's absolutely what we wish to deliver to the supporters, that he's not going to be sold," Brady said.

"So I think Aston Villa should reconsider making any approach because the worst thing is that it's very unsettling for the player, very unsettling for the club.

"I think if we wanted to sell him we'd go about it a different way but we really don't. He's the player of the year and he's very important to us in building a better team to take West Ham into a better future."